Dine Brands Global (NYSE:DIN) Downgraded by TheStreet to “D”

TheStreet lowered shares of Dine Brands Global (NYSE:DIN) from a c rating to a d rating in a research report report published on Wednesday, TheStreetRatingsTable reports.

DIN has been the subject of a number of other reports. Zacks Investment Research raised shares of Dine Brands Global from a hold rating to a buy rating and set a $44.00 price objective for the company in a research report on Monday, June 29th. ValuEngine raised shares of Dine Brands Global from a sell rating to a hold rating in a research report on Wednesday, May 27th. SunTrust Banks upped their price objective on shares of Dine Brands Global from $88.00 to $92.00 and gave the stock a buy rating in a research report on Thursday. Wedbush upped their price objective on shares of Dine Brands Global from $50.00 to $55.00 and gave the stock an outperform rating in a research report on Thursday. They noted that the move was a valuation call. Finally, Deutsche Bank upped their price objective on shares of Dine Brands Global from $40.00 to $45.00 and gave the stock a hold rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Dine Brands Global has a consensus rating of Buy and an average target price of $75.00.

NYSE:DIN opened at $45.43 on Wednesday. The firm has a 50-day moving average of $41.46 and a 200-day moving average of $52.98. The company has a market cap of $745.96 million, a PE ratio of -12.02 and a beta of 1.72. Dine Brands Global has a one year low of $14.16 and a one year high of $104.46.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported ($0.87) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.93) by $0.06. Dine Brands Global had a negative net margin of 8.13% and a negative return on equity of 24.91%. The business had revenue of $109.71 million during the quarter, compared to the consensus estimate of $99.66 million. During the same period in the prior year, the firm posted $1.71 EPS. The firm’s quarterly revenue was down 51.9% compared to the same quarter last year. As a group, equities research analysts predict that Dine Brands Global will post 1.73 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIN. UBS Group AG lifted its stake in shares of Dine Brands Global by 40.9% during the 2nd quarter. UBS Group AG now owns 28,522 shares of the restaurant operator’s stock valued at $1,200,000 after buying an additional 8,276 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Dine Brands Global by 64.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,748 shares of the restaurant operator’s stock valued at $74,000 after buying an additional 686 shares in the last quarter. Ziegler Capital Management LLC purchased a new stake in shares of Dine Brands Global during the 2nd quarter valued at approximately $258,000. Kessler Investment Group LLC purchased a new stake in shares of Dine Brands Global during the 2nd quarter valued at approximately $85,000. Finally, New York State Teachers Retirement System lifted its stake in shares of Dine Brands Global by 4.4% during the 2nd quarter. New York State Teachers Retirement System now owns 41,774 shares of the restaurant operator’s stock valued at $1,759,000 after buying an additional 1,777 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

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Analyst Recommendations for Dine Brands Global (NYSE:DIN)

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